FY2026 EPS Estimates for Northern Oil and Gas, Inc. Reduced by Analyst (NYSE:NOG)

Northern Oil and Gas, Inc. (NYSE:NOG - Free Report) - Stock analysts at Zacks Research decreased their FY2026 earnings estimates for Northern Oil and Gas in a research report issued to clients and investors on Wednesday, April 10th. Zacks Research analyst N. Choudhury now anticipates that the company will post earnings per share of $5.47 for the year, down from their previous estimate of $6.28. The consensus estimate for Northern Oil and Gas' current full-year earnings is $5.42 per share.

Several other research analysts have also weighed in on NOG. Royal Bank of Canada reissued an "outperform" rating and issued a $46.00 price objective on shares of Northern Oil and Gas in a research report on Wednesday, March 6th. Truist Financial cut their price target on Northern Oil and Gas from $56.00 to $55.00 and set a "buy" rating on the stock in a report on Friday, April 5th. Piper Sandler lowered their price objective on shares of Northern Oil and Gas from $39.00 to $38.00 and set a "neutral" rating for the company in a research note on Friday, February 16th. Jefferies Financial Group lifted their price target on shares of Northern Oil and Gas from $45.00 to $51.00 and gave the company a "buy" rating in a research note on Thursday, March 21st. Finally, Raymond James reduced their target price on Northern Oil and Gas from $51.00 to $45.00 and set a "strong-buy" rating for the company in a research note on Wednesday, January 24th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $46.30.

Northern Oil and Gas Price Performance

Shares of Northern Oil and Gas stock remained flat at $42.64 during midday trading on Friday. The company had a trading volume of 1,249,207 shares, compared to its average volume of 1,260,342. The stock's fifty day moving average is $36.97 and its two-hundred day moving average is $37.10. Northern Oil and Gas has a one year low of $29.57 and a one year high of $43.64. The stock has a market capitalization of $4.33 billion, a price-to-earnings ratio of 4.25 and a beta of 1.86. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.90.

Northern Oil and Gas (NYSE:NOG - Get Free Report) last announced its earnings results on Friday, February 23rd. The company reported $1.61 EPS for the quarter, missing the consensus estimate of $1.64 by ($0.03). The company had revenue of $543.40 million for the quarter, compared to analyst estimates of $555.31 million. Northern Oil and Gas had a return on equity of 40.86% and a net margin of 42.61%. The firm's quarterly revenue was up 21.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.43 earnings per share.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NOG. BlackRock Inc. increased its holdings in Northern Oil and Gas by 137.7% in the 1st quarter. BlackRock Inc. now owns 10,915,028 shares of the company's stock worth $331,271,000 after acquiring an additional 6,322,462 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Northern Oil and Gas by 36.4% in the 4th quarter. Vanguard Group Inc. now owns 10,587,536 shares of the company's stock worth $392,480,000 after buying an additional 2,827,642 shares during the period. Alliancebernstein L.P. grew its stake in Northern Oil and Gas by 1,356.2% in the 2nd quarter. Alliancebernstein L.P. now owns 979,729 shares of the company's stock valued at $33,624,000 after buying an additional 912,449 shares in the last quarter. State Street Corp raised its holdings in Northern Oil and Gas by 29.0% during the 1st quarter. State Street Corp now owns 3,301,013 shares of the company's stock valued at $93,518,000 after acquiring an additional 742,371 shares during the period. Finally, Invesco Ltd. lifted its position in shares of Northern Oil and Gas by 19.0% during the third quarter. Invesco Ltd. now owns 3,786,176 shares of the company's stock worth $152,318,000 after acquiring an additional 605,197 shares in the last quarter. 98.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, President Adam A. Dirlam sold 2,088 shares of the business's stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $38.00, for a total transaction of $79,344.00. Following the transaction, the president now directly owns 122,359 shares in the company, valued at $4,649,642. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Northern Oil and Gas news, President Adam A. Dirlam sold 2,088 shares of the business's stock in a transaction on Friday, March 15th. The stock was sold at an average price of $38.00, for a total value of $79,344.00. Following the transaction, the president now owns 122,359 shares of the company's stock, valued at $4,649,642. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider James B. Evans sold 945 shares of the firm's stock in a transaction on Friday, March 15th. The shares were sold at an average price of $38.00, for a total value of $35,910.00. Following the sale, the insider now directly owns 83,872 shares of the company's stock, valued at $3,187,136. The disclosure for this sale can be found here. Insiders sold a total of 10,944 shares of company stock worth $436,614 over the last quarter. Insiders own 3.20% of the company's stock.

Northern Oil and Gas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.60 annualized dividend and a dividend yield of 3.75%. Northern Oil and Gas's payout ratio is 15.94%.

About Northern Oil and Gas

Northern Oil and Gas, Inc, an independent energy company, engages in the acquisition, exploration, exploitation, development, and production of crude oil and natural gas properties in the United States. It primarily holds interests in the Williston Basin, the Appalachian Basin, and the Permian Basin in the United States.